Topic:
One of the basic principles of economics is that prices rise when money supply
increases. In India, in order to control prices, the Reserve Bank of India has tried
several times to reduce the money supply by increasing the bank rate. However,
there seems to be no effect on the prices
and the Indian Economy is still going through a critical phase of price rise.
Is the price inflation in India a monetary phenomenon. Had you been a finance
minister, what could have been your strategies to control price rise
situations?
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How to Control Prices ?
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